Home Values

Marine City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$107,300

  • 19.8% 1-year change
  • 4.4% 1-year forecast

The median home value in Marine City is $107,300. Marine City home values have gone up 19.8% over the past year and Zillow predicts they will rise 4.4% within the next year. The median price of homes currently listed in Marine City is $119,900 while the median price of homes that sold is $50,000. The median rent price in Marine City is $650, which is lower than the Detroit Metro median of $875.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Marine City is 3.8%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Marine City homeowners underwater on their mortgage is 26.9%, which is higher than Detroit Metro at 23.2%.

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Relative ZHVI
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Marine City Market Overview

Data through Oct 31, 2014
  • $107,300 ZHVI
  • 4.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $119,900 Median listing price
  • No recent data Median sale price
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Marine City Market Health

Data through Oct 31, 2014
  • 9.5/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 26.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Casco $203,500
New Baltimore $198,100
China Township $190,500
Name Median ZHVI
East China $166,600
Fair Haven $161,200
Columbus $158,600
Name Median ZHVI
Saint Clair $145,100
Algonac $132,900
Marysville $110,900

Listings & Sales

Data through Oct 31, 2014
  • $88 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 50.8% Listings with price cut
38.8%
Sold below listing
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Marine City Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $957 Marine City
    $1,063 Detroit Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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